Newspapers, other media shares close lower

DavidB. Wilkerson

SAN FRANCISCO (MarketWatch) -- Most media and entertainment stocks closed lower with the broader market Tuesday, as newspaper stocks gave up some of Monday's gains. Dow Jones & Co.
dj
the parent of MarketWatch, the publisher of this report, lost $1.16, or 3%, to $39.98 after gaining 11% Monday on a report that part of the controlling Bancroft family may want to see a sale of the company. Gannett
GCI, +1.50%
lost 1% at $72.96; New York Times
NYT, +0.47%
shed 2% to $32.19; Media General
MEG, +0.68%
shed 2.1% to $65.54; and Tribune Co.
TRB, -14.29%
lost 2.5% to $37.91.

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